Overview
- Trident said Rs 1,500 crore will expand terry-towel output and modernize its wheat-straw-based paper facilities in Barnala.
- A further Rs 500 crore is earmarked for a corporate office and capacity-building centre in Mohali.
- The company projects about 2,000 new jobs, with an emphasis on engaging semi-skilled rural women.
- Chairman Rajinder Gupta announced the plan alongside Punjab Industry and Commerce Minister Sanjeev Arora and disclosed it in a regulatory filing.
- Shares traded nearly flat on the announcement, with the stock down about 0.5% and the market value reported near Rs 14,492 crore.